On the Trader's Blog you've heard us talk plenty about how to simplify your trading. As a matter of fact, you've heard Adam preach about keeping it simple over the years. Today we've asked Bill Poulos from Profit's Run to share with us how he keeps his trading method simple by using a simple indicator that we could all benefit from. To find out more about Bill Poulos visit his website here.
One of the problems that many traders run into is trying to find the perfect combination of indicators that will lead them to the perfect trading method. Not only is this a problem for new traders but we find that many experienced traders continue to over complicate their charts with too many indicators. They often think that the more indicators they can get on the chart the more successful they will be. This is usually not the case and only leads to more confusion on the part of our entries. The concept of keeping things simple works especially well when applying it to our trading strategies. The key for many trading methods is to simply know the trend of the pair and then know when to buy or sell that pair.
Brad Matheny and Gary Wagner, founders of International Pacific Trading Co., are giving you a free video workshop just for following our Trader’s Blog! In this video, you'll discover the crucial chart patterns that candlesticks reveal - how to interpret them and how to use them to pinpoint market turns. You'll also learn how to use candlesticks in combination with familiar technical indicators like Stochastics, %R, Relative Strength Index and Moving Averages to create a dynamic, synergistic and extremely successful trading system.
Just because Adam is out of the office, doesn't mean that the work stops. Tonight Susan and Jeremy will be conducting MarketClub TV (LIVE) from the studios of MarketClub. They will be doing something a little different that we think you are sure to appreciate. Susan will show you how to navigate through MarketClub with ease and make the most out of our "Trade Triangles" and charts using MarketClub's Portfolio Manager. Whether you are new to MarketClub, or a long time veteran, you don't want to miss this.